B2B company developing hardware and software solutions to help diagnose a machine's issue through the sound it makes.
B2B company developing a hardware and software solutionsolutions to help diagnose a machine's issue through the sound it makes.
B2B company developing a hardware and software solution to help diagnose a machine's issue through the sound it makes.
Augury is a business-to-business (B2B) company that develops a hardware and software solution to troubleshoot a machine by analyzing the sound that it emits. The company was established in 2011 by Gal Shaul and Saar Yoskovitz. It aims to help companies efficiently solve problems with the machines they use for business operations and to help manufacturers of these machines create better products. Augury is based in New York City, New York.
Augury offers two main products: Halo Continuous Diagnostics and Scope Portable Diagnostics. Halo Continuous Diagnostics is a wireless product used to monitor machines 24/7 without having to take manual recordings. The product would be attached to the machine. It differs from Scope Portable Diagnostics, which is a handheld app-based product that records the problem and sends it to the cloud server for analysis. It is best used on a routine-based maintenance schedule. Both products can be monitored through a platform from any Internet-enabled devices.
Since 2014, Augury has raised $51 million through four funding rounds, with its latest being a Series C round which was held in January 2019 and collected $25 million in capital. As of March 2019, the company has 12 investors, with 3 lead investors. Some venture capital firms that invested in Augury are Munich Re / HSB Ventures, Insight Venture Partners, Lerer Hippeau, and Pritzker Group Venture Capital.
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